Healthcare Services Group Stock Market Value
| HCSG Stock | USD 12.34 0.04 0.32% |
| Symbol | Healthcare |
Healthcare Services Price To Book Ratio
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Healthcare Services. If investors know Healthcare will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Healthcare Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.322 | Earnings Share 0.69 | Revenue Per Share 23.052 | Quarterly Revenue Growth 0.041 | Return On Assets 0.048 |
The market value of Healthcare Services is measured differently than its book value, which is the value of Healthcare that is recorded on the company's balance sheet. Investors also form their own opinion of Healthcare Services' value that differs from its market value or its book value, called intrinsic value, which is Healthcare Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Healthcare Services' market value can be influenced by many factors that don't directly affect Healthcare Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Healthcare Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Healthcare Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Healthcare Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Healthcare Services 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Healthcare Services' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Healthcare Services.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Healthcare Services on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Healthcare Services Group or generate 0.0% return on investment in Healthcare Services over 360 days. Healthcare Services is related to or competes with Pennant, Surgery Partners, Ensign, Encompass Health, Enhabit, InnovAge Holding, and National HealthCare. Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry... More
Healthcare Services Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Healthcare Services' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Healthcare Services Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.0403 | |||
| Maximum Drawdown | 11.71 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 2.86 |
Healthcare Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthcare Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthcare Services' standard deviation. In reality, there are many statistical measures that can use Healthcare Services historical prices to predict the future Healthcare Services' volatility.| Risk Adjusted Performance | 0.0867 | |||
| Jensen Alpha | 0.0621 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0342 | |||
| Treynor Ratio | 0.1801 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Healthcare Services' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Healthcare Services Backtested Returns
Healthcare Services appears to be not too volatile, given 3 months investment horizon. Healthcare Services holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Healthcare Services, which you can use to evaluate the volatility of the firm. Please utilize Healthcare Services' market risk adjusted performance of 0.1901, and Risk Adjusted Performance of 0.0867 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Healthcare Services holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 1.18, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Healthcare Services will likely underperform. Please check Healthcare Services' value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Healthcare Services' current trending patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Healthcare Services Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Healthcare Services time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Healthcare Services price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Healthcare Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Healthcare Services lagged returns against current returns
Autocorrelation, which is Healthcare Services stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Healthcare Services' stock expected returns. We can calculate the autocorrelation of Healthcare Services returns to help us make a trade decision. For example, suppose you find that Healthcare Services has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Healthcare Services regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Healthcare Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthcare Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthcare Services stock over time.
Current vs Lagged Prices |
| Timeline |
Healthcare Services Lagged Returns
When evaluating Healthcare Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthcare Services stock have on its future price. Healthcare Services autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Healthcare Services autocorrelation shows the relationship between Healthcare Services stock current value and its past values and can show if there is a momentum factor associated with investing in Healthcare Services Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Healthcare Services is a strong investment it is important to analyze Healthcare Services' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Healthcare Services' future performance. For an informed investment choice regarding Healthcare Stock, refer to the following important reports:Check out Healthcare Services Correlation, Healthcare Services Volatility and Healthcare Services Alpha and Beta module to complement your research on Healthcare Services. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Healthcare Services technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.